Greener Economy for Sustainable Development Through AI Intervention: Demystifying Critical Factors

Greener Economy for Sustainable Development Through AI Intervention: Demystifying Critical Factors

DOI: 10.4018/978-1-6684-8969-7.ch019
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Abstract

This research chapter deals with understanding the concept of the sustainable ecosystem through the development of a greener economy, and managing the environment for socio-eco environmental growth. The chapter introspects to understand the implication of AI intervention for an eco-friendly economy. It's an exploration into the faces of inclusive growth and equitable equality in life betting natural disasters and environmental degradation towards a greener economy. It explores the cause and effect of climate change for promoting sustainable consumption and production growth and exploration of the potential of AI. The research essentially reviews, analysis, and explores qualitatively and quantitatively the concern of ensuring the consumption of sustainable order through a pattern of production under the ambit of SDG 17. Eventually, it will identify the essential critical factors that can combat the obstacle to greener economy for sustainable consumption by eradicating the restraining forces and measuring barriers that the producer and the consumer encounter towards sustainable peace.
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Introduction

The Millennium Goals for Development (MDGs) are an important and effective global mobilization approach for a number of key socioeconomic priorities worldwide. As artificial intelligence (AI) develops, a growing variety of sectors are being shaped by it. The world economy, social integration and equal opportunity, the environment, and a variety of other areas are all expected to be impacted by AI both now and in the future. According to the claimed possible implications of AI, there can be both good and bad effects on sustainable development. Developing nations have made significant strides towards achieving the MDGs, though the rates of progress vary greatly between objectives, nations, and areas.

Between 1990 and 2010, the poverty rate in developing nations as a whole was cut in half, largely due to China's startling economic development. While some nations will accomplish many or all of the MDGs, others will only accomplish a very small number. The majority of nations will have significantly advanced towards the majority of the objectives by 2015. Additionally, for more than ten years, national and international policymaking has continued to center on the MDGs. They are made available to students from all educational backgrounds and have been included in the undertakings of non-governmental organizations and civic societies more broadly. The MDGs were vital in striving to achieve that development, and it is generally recognized by decision-makers and civil society organizations that the internationally accepted targets to tackle poverty must continue past 2015. There is also a common understanding that, in a world facing dangerous global warming and other serious ecological evils, worldwide ecological ambitions need to be given more prominence alongside the goals of reducing poverty. The governments of the world appear prepared to approve a new set of international objectives to follow the MDG period of 15 years. In June 2012, Ban Ki-Moon, the UN Secretary-General created an effective panel for global sustainability in the run-up to the Rio+20 summit. The globe should implement the Sustainable Development Goals, according to the panel's report (SDGs). During the Rio+20 summit, Secretary-General Ban said he intended to organize a high-level panel with UK Prime Minister David Cameron, Indonesian President Susilo Bambang Yudhoyono, and Liberian President Ellen Johnson Sirleaf serving as co-chairs to explore the specifics of the post-2015 targets.

Currently, there is no proper study available for the systematically assesses of the extenuation of AI implications on all aspects of sustainable development. In this document, sustainable development is defined as the 17 sustainable development Goals (SDGs) and 169 targets that have been universally accepted in the 2030 agenda. The study was summed up as a prevailing opinion expert elicitation process, which was used to describe relationships. These methods were informed by earlier studies targeted at mapping the interlinkage of the SDGs. The importance of the triple bottom line is created for a new understanding that has come to light thanks to geoscience and the seasonal changes in our surroundings. A geological age has begun where human activity has a large and harmful impact on fundamental earth dynamics. The world's ecosystems are under tremendous pressure from a population that reached 7 billion the year before (and is projected to surpass 8 billion by 2024) and from emerging nations, which are currently leading global GDP growth per person. The simultaneous impact of multiple different key earth systems, such as the cycle of carbon, and nitrogen into the air, and water cycles, on these pressures, which are global as well as local, distinguishes the current period. Climate change is brought on by greenhouse gas emissions from human activity, severe environmental pollution (such as the poisoning of coastal areas and other ecosystems due to the excess use of fertilizer which reduces nitrogen), and the oceans’ acidification, which is primarily brought on by the increased concentration of greenhouse gases in the atmosphere, which is the main cause, are just a few of the crises of environmental sustainability that humanity is currently facing. the enormous loss of species brought on by unsustainable forest use. The circular and green economies provide particularly targeted strategies for putting the sustainable development idea into practice. A conceptual image of the ideal future for humanity is a sustainable development aim. In the Republic of Belarus, the key drivers of the shift to a green economy and the major avenues for its growth are described.

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